If the Price Index Is 100 This Year,then

question 135

Multiple Choice

If the price index is 100 this year,then:

• A)there has been no inflation during the year.
• B)the price level is thrice as it was in the base year.
• C)the price level is one hundred times what it was in the base year.
• D)the price level is double what it was in the base year.
• E)the inflation rate has been 100 percent since the base year.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination towards other groups.

Own Culture

Refers to the customs, beliefs, arts, institutions, and all other products of human work and thought created by a specific group of people or society.

Superior

Describing someone or something that is higher in rank, quality, or performance compared to others.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissive or derogatory attitude toward other cultures.